Waning Diesel Demand: A Red Flag For The US Economy?

The U.S. economy is decelerating into an election year and could print below-trend growth by 2H20. Manufacturing, employment, and inflation have all been in downturns for one year, hence why the Federal Reserve has been quick to slash interest rates, as President Trump has been begging for negative interest rates, quantitative easing, and emergency tax cuts. New data from Reuters’ John Kemp shows how manufacturing continues to decelerate into year-end as there’s little evidence that growth will trough and zoom higher in early 2020. Kemp…